Not only did it head towards the downside 5 times but now it has higher low. Don't wait till the 8$ to get in it will spike big time.
Hanging man, so goes up, in the next days can change obiously for the news, for now Im out of this pair
Analysis is on chart. I took too long messing around with the annotations and it started breaking out, but I got in at 0.70671 myself as shown by the long position tool
Yeah it got two downgrades today but since when do we care what PT's the big guys throw out. This is as bullish as a chart gets and this chart follows patterns. I shorted the H&S and would like to ride it back up.
The daily candle on the Kiwi formed a Hammer right on top of previous support. Therefore I believe there is a high probability for more upside. If price breaks below last Fridays low, then this will invalidate the setup. Possible exits will be at 0.66000 (round number / psych level) or at the next resistance at 0.66767. First target is at 1,5 R and second at 2,5...
False break below support area, possible hammer, positive divergence on the 14 RSI, Falling Wedge - these are some bullish signals which might announce a rally for gold. The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if...
This trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as...
TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS...
We have a nice Breakout at Daily Level, pullback with Hammer at Support in H4 + bullish engulfing H1 + doble bottom M15! Multi-Timeframe confirmation! Very nice Long opportunity!
BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
AZO has been a well trending stock for many years, especially since breaking above the $200 zone in 2010. Despite the great trend I would not have traded this due to the low volume. I generally prefer stocks with much higher volume to help aid liquidity (although AZO has done exceptionally well without adhering to this criteria). And now the stock is pretty...
I posted on KR just a couple of weeks ago (18th February) making a big case for entering long into this stock if you weren't already in it. The next bar saw price continue to rise - followed by 10 days of pullback! However, the 50ma held strong (with a hammer reversal candle just below the $70 round number) and any long-term position with a reasonable stop loss...
The S&P 500 made a possible continuation signal from Wednesday's trading session. While it did close back above 2095, I am concerned about the candle it formed. This gives an edge to the sell side to continue its move lower. It may attempt to move to 2100 but that has a chance to be short lived.
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost...
God morning fellow traders! Last time it reached this level was 2014-01-24! Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls. Today we have a bullish move. This such a move that every body at the trading desk is waiting for! So i will do 3 trades today only on AUDUSD. I will buy either later...
I am long KNDI here after filling it's breakaway gap form mid-july. After a heavy two week sell-off, the stock is finally showing some strength after filling that gap. After trading down to a low of 14.79 today, KNDI rallied more than a full point to form a textbook bullish hammer reversal candle. I am long at 15.75 with a PT of 17.47 - Approximately at the...